Nio Eyes Secondary Listing in Hong Kong Next Month Amid Regulatory Risks
(Nio) Nio Inc. has set March 10 as the day its shares will start trading on the Hong Kong Stock exchange. The New York listed electric car maker said that…
US Records a 5.7% Slump in Pending Home Sales in January
(NAR) Pending home sales in the US plunged by 5.7% in January from the previous month, with the index hitting 109.5. Only the West posted a rise in contract signings…
US PCE Price Index Jumps by an Annual 6.1% In January, Personal Outlays Rise
(BEA) The US posted an increase of 6.1% in the personal consumption expenditure index in January, underlining continued rises in the prices of goods and services. The rise in the…
Economic Sentiment Ticks Higher in the EU and Euro Area
(European Commission) The Economic Sentiment Indicator overcame three months of decline in the EU to post an index of 112.8 in February, up 1.2 points. The ESI in the EU…
Li Auto Reports 35,221 Deliveries in Q4 2021, Net Income Jumps to $46.4 Million
(Li Auto) Li Auto Inc. said that it delivered a total of 35,221 vehicles in the fourth quarter of 2021, an increase of 40.2% from the previous quarter and 143.5%…
Beyond Meat Falls 10% As Net Revenue in Q4 2021 Declines, Loss Widens
(Beyond Meat) Shares of Beyond Meat, Inc. plunged more than 10% after reporting net revenues of $100.7 million in the fourth quarter of 2021, down by 1.2% from the previous…
Coinbase Net Income Quadruples in the Fourth Quarter of 2021
(Coinbase) Coinbase posted a net income of $840 million or $3.32 per diluted share in the fourth quarter of 2021, an increase from a net income of $177 million in…
South Jersey Soars 40% on $8.1B Acquisition by Infrastructure Investments Fund
(SJI) South Jersey Industries Inc. stock rose more than 40% after agreeing to an acquisition deal of about $8.1 billion by Infrastructure Investments Fund. The deal, at $36 per share,…
Jobless Claims Fall by 17,000 to a Below-Estimate Level
(Department of Labor) US Jobless claims totaled 232,000 in the week that ended February 19, down by 17,000 from the previous week. The claims were below estimates of 235,000. On…
Alibaba Plunges 6% As Revenue Misses Estimates, Posts Lower Incomes
(Alibaba) Shares of Chinese tech giant Alibaba fell more than 6% on Thursday after reporting a revenue of RMB242.58 billion or $38.066 billion in the December quarter. The revenue, 10%…
Russia’s Stocks Fall by a Record Rate After Ukraine Attack, Gazprom Down 30%
(Bloomberg) Shares of Russian gas processor Gazprom plunged 30% on Thursday while the country’s MOEX stock index edged lower by 41% following Moscow’s attack on Ukraine. The 41% decline on…
BTC Falls to $35.6K as Gold Takes Crown of Safe Haven After Russia Invades Ukraine
Bitcoin fell up to $35,600 on Thursday, in an overall market drop that saw about $242 million liquidations following Russia’s invasion in Ukraine. Bitcoin-tracked futures witnessed $72 million in liquidations,…
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